Business
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Target to Invest $100 Million in Sorting Centers for Order Deliveries
MINNEAPOLIS — The next Target online order that ends up at your door might come from a new type of shipping facility aimed at making deliveries cheaper and faster.
Uber Freight Launches First Electric Truck Pilot With WattEV
Uber Freight announced it is partnering with electric mobility company WattEV and shipping specialist CHEP on a pilot program to deploy EVs on select routes in Southern California.
January Truck Tonnage Increases 1.5% Year-Over-Year
Truck tonnage rose 1.5% in January and maintained the steady, positive pace on which it ended 2022, according to American Trucking Associations’ For-Hire Truck Tonnage Index.
Stellantis Earnings Rise as EV Push Drives Sales
AMSTERDAM — Automaker Stellantis on Feb. 22 reported its earnings grew in 2022 from a year earlier and said its push into electric vehicles led to a jump in sales.
February 22, 2023FHWA Issues Waiver to Speed Up Electric Charging Infrastructure
To help accelerate construction of electric vehicle charging infrastructure, the Federal Highway Administration has extended until July 2024 a waiver of Buy America requirements for steel, iron, manufactured products and construction materials used to build electric vehicle chargers.
Lightning eMotors Capitalizes on Federal Electric Truck Incentives
Lightning eMotors, a Loveland, Colo.-based manufacturer and seller of electric vehicles for commercial fleets, has been certified under the “buy America” program, making its products eligible for federal grants designed to help electrify the nation’s transportation.
FleetForce Prepares Launch of New CDL Training Centers
FleetForce Truck Driving School finalized a market expansion totaling six new training program centers in Florida, the driver training company announced Feb. 21.
February 21, 2023Walmart Beats Q4 Expectations, Remains Cautious on Guidance
NEW YORK — Walmart on Feb. 21 reported strong sales during the holiday season as budget-conscious consumers looking for better deals on groceries and other items flocked to its stores.
Epes’ Melissa Nishan Earns Recruiting Honor
NASHVILLE, Tenn. — Melissa Nishan, vice president of driver recruiting at Epes Transport System Inc., says she nearly fainted when she heard her name announced Feb. 17 as the Transport Topics Recruiting Professional of 2022.
Business Activity Steadies in February, Boosted by Services Increase
U.S. business activity steadied in February as the service sector regained its footing, suggesting a resilient economy that is keeping some pricing power intact.